Standard Chartered Corporate Tax Loan turns your tax into new opportunities.
Maximum loan amount of up to 200% of profits tax payment.
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Standard Chartered Corporate Tax Loan

Cash flow is key to a thriving business. That’s why we are offering Corporate Tax Loan to enable you to settle tax payment and get extra funds for more financial flexibility, helping you to seize the right business opportunities at the right time.

Business Banking client can enjoy the following fast and simple financing solution when you successfully apply for and drawdown Standard Chartered Corporate Tax Loan on or before 30 April 2017.

A fast and simple financing solution for Business Banking clients

  • Loan feature
    feature

    Fixed monthly instalment amount

  • Loan amount
    amount

    Δ Maximum loan amount of up to HK$2,400,000 or up to 200% of profits tax payment (whichever is lower)

  • Loan tenor
    tenor

    Flexible repayment period of up to 24 months

  • APR%
    smeapr

    As low as 2.3%* with “Lower Cost Guarantee”


Corporate Tax Loan Monthly Repayment Table
  • APR% as low as 2.3%*
  • Provide “Lower Cost Guarantee”
  • 0% monthly flat rate throughout the whole repayment period~
  • Flexible repayment period of up to 24 months
Loan amount (HK$)


Handling fee
(Per annum)


Monthly repayment amount (HK$)
per HK$1,000 loan amount (APR%)*


12 months
Monthly repayment amount (HK$)
per HK$1,000 loan amount (APR%)*


18 months
Monthly repayment amount (HK$)
per HK$1,000 loan amount (APR%)*


24 months
$100,000 -
$799,999
2.08% 83.34
(3.97%)
55.56
(4.10%)
41.67
(4.19%)
$800,000 –
$1,199,999
1.65% 83.34
(3.13%)
55.56
(3.23%)
41.67
(3.29%)
$1,200,000
or above
1.22% 83.34
(2.30%)
55.56
(2.37%)
41.67
(2.41%)

The above table is for illustrative purpose only.

Basic required documents#

  1. Your Profits Tax Demand Note issued by the Inland Revenue Department, Hong Kong
  2. Your latest 3 months’ bank statements showing your company name, company account number and transaction entries

Simple and easy ways to apply

Simply apply through one of the following channels with the basic required documents:

To borrow or not to borrow? Borrow only if you can repay!


Remarks:

*The Annualised Percentage Rate ( "APR") is a reference rate which includes the basic rates and other applicable fees and charges of a product based on 12 months, 18 months or 24 months repayment period, monthly flat rate of 0% and corresponding handling fee. For a loan amount of HK$1,200,000 or above, the handling fee (per annum) of 1.22% will be charged. For a loan amount of HK$800,000 to HK$1,199,999, the handling fee (per annum) of 1.65% will be charged. For a loan amount of HK$100,000 to HK$799,999, the handling fee (per annum) of 2.08% will be charged.

~Subject to related handling fee.

+ Standard Chartered Bank (Hong Kong) Limited (the "Bank") will deduct the entire amount of related handling fee of the drawdown amount before fund disbursement. Clients will be notified of the approval loan amount and the corresponding handling fee percentage before Loan drawdown (decided by the Bank at its sole discretion).

# The Bank reserves the right to request the applicant to submit supplementary documents for further approval.

^ Operating hours of the dedicated hotline are from Monday to Friday: 9am to 8pm, Saturday: 9am to 1pm, except Sunday and public holidays.

For details of the fees and charges as shown on the tariff sheet, please contact any of our branches, dedicated Relationship Managers and/or visit our website at sc.com/hk.


Apply now to benefit from the added financial flexibility.

Terms and Conditions

Terms and Conditions for Standard Chartered Corporate Tax Loan
  1. The promotion period is from 19 September 2016 to 30 April 2017, both dates inclusive ("Promotion Period").
  2. Clients who successfully apply for and drawdown Standard Chartered Corporate Tax Loan ("Loan") during the Promotion Period will be eligible for the 0% Monthly Flat Rate Offer.
  3. The Bank will deduct the entire amount of related handling fee of the drawdown before fund disbursement. Clients will be notified of the corresponding handling fee and the approval loan amount before Loan drawdown. Clients will be charged with a handling fee decided by the Bank.
  4. The Bank reserves the right to determine the loan amount, monthly repayment amount, interest rate, handling fee rebate or any other offer in respect of the Loan applied, or to decline client’s application in its entirety without giving any reason for doing so. If an application for Loan is declined, no contractual relationship arises between the Bank and the client in respect of any product or service requested in the application.
  5. The applicable interest rate and acceptance of a loan application is entirely at the discretion of the Bank and is to be considered on a case-by-case basis in accordance with the client’s credit records and all other relevant factors. The Bank reserves the right to modify such pricing offered to client by giving 30 days’ advance notice based on the Bank’s credit assessment from time to time including, but not only limited to, client’s repayment record, credit bureau grading and the Bank’s prevailing credit policy.
  6. The Bank reserves the right to request the applicant to submit supplementary documents for further approval.
  7. The Bank reserves the right to change or terminate and amend any of the terms and conditions of the Loan at any time. In case of disputes in the connection with the Loan and any of the special offers set out in this document, the Bank’s decision shall be final and binding.
  8. For product specific terms and conditions, please refer to the terms and conditions of Business Instalment Loan and Corporate Tax Loan.
  9. In case of discrepancy between the English and Chinese versions of the terms and conditions for the Loan, the English version shall prevail.
Terms and Conditions for “Lower Cost Guarantee” (“Guarantee”)
  1. Clients who successfully obtain another corporate tax loan (“Loan for Comparison”) with a lower annualised interest rate (“APR”) from a licensed bank in Hong Kong subsequent to the Loan drawdown will be eligible to apply for the Guarantee.
  2. Loan for Comparison must fulfill the following requirements:
    1. The amount of its principal is the same as the Loan;
    2. Its repayment period is the same as the Loan;
    3. It is granted to one borrower only and the name, identity number, certificate of incorporation or business registration certificate number of the borrower are the same as the Client;
    4. It is not offered only to staff or members of designated groups.
  3. Clients must apply for the Guarantee within 21 working days from the date of Loan drawdown via phone at the designated hotline 2886 6988 or Business Banking Relationship Manager. Clients must also submit a copy of the written confirmation of the Loan for Comparison issued by the licensed bank within 21 working days after the date of Loan drawdown.
  4. Clients can only make one successful application of the Guarantee for each Loan.
  5. The Bank reserves the right to request for the original copy of the written for inspection and verification.
  6. The Bank will determine the Clients’ eligibility to enjoy the Guarantee based on the written confirmation of the Loan for Comparison at its sole and absolute discretion.
  7. If the application for the Guarantee is successful, the Bank will recalculate the total expense payable of the Loan based on an APR equivalent to 90% of the APR of the Loan for Comparison as shown in its written confirmation according to the Bank’s internal calculation method and rebate the difference from the original total expense payable of the Loan.
  8. The difference in total expense payable will be given in cash rebate format and will be credited to the Clients’ designated repayment account within 3 months after the date of Loan drawdown.

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2886 6988 (press 2>3)^


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